Fitch puts Deutsche Telekom 'A-' rating on downgrade review

SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Monday placed the 'A-' long-term issuer default rating of Deutsche Telekom AG
DT
on review for a possible downgrade after the German telecom company announced a conditional deal to acquire a near-20% stake in Hellenic Telecommunications Organization SA. Fitch said in a statement the review will be resolved "as soon as there is clarity on the negotiations with the Greek government and local regulators," which must approve the deal. The rating agency said it may re-install a less-severe negative outlook on the rating should negotiations fail.

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